Hello,I did an inspection when this property was purchased a few years ago.

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.

(And then any state implications)Given this isn't pennies we're talking about- working with a qualified professional to help mitigate the tax would be your best bet. 

I would run from this.

Built with purpose in 2003, this store has served the community for over 20 years but is now closing its doors.Similarly, in July of 2024, Stop & Shop announced the closure of its Lincoln Street location, which has already ceased operations.

@Mike Klarman 100% agree with this.

Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.

I have owned this property for 8 years, 7 as a rental property.

Does this strategy utilizing HELOC really work on saving money and paying off mortgages much quicker?  

Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.